China is accelerating the release of CBDC and testing the infrastructure before accepting it
The COVID-19 crisis has done little to dampen China's interest in becoming the first major economy to distribute a central bank digital currency. On the contrary, the digital currency / electronic payment project seems to be picking up momentum.
For example, in the Shenzhen area, 100,000 locals received a total of $ 31 million digital yuan via lottery for free this month, and now residents can Use ATMs to convert digital yuan into cash on a test basis.
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